Kesoram Industries Ltd

Kesoram Industries Ltd

₹ 7.89 -3.07%
13 Mar - close price
About

Kesoram Industries Limited is a flagship company of B. K. Birla group. The Co is engaged in the manufacturing of Cement and Rayon, TP & Chemicals. [1]

Key Points

Business Segments
Cement (94% in FY24 vs 98% in FY22)- It manufactures cement under the brand “Birla Shakti Cement”. It sells premium cement under the brand “Birla Shakti ConQUerete”.

  • Market Cap 244 Cr.
  • Current Price 7.89
  • High / Low 14.2 / 2.84
  • Stock P/E
  • Book Value 11.1
  • Dividend Yield 0.00 %
  • ROCE -4.71 %
  • ROE 2,034 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.71 times its book value
  • Company has delivered good profit growth of 99.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 494%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -37.2% over past five years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
986.12 1,055.43 998.87 59.90 66.41 69.94 67.28 58.71 65.49 67.28 61.05 55.17 64.79
906.42 947.17 894.29 76.32 75.10 80.62 75.69 70.13 71.70 92.91 71.57 73.67 80.84
Operating Profit 79.70 108.26 104.58 -16.42 -8.69 -10.68 -8.41 -11.42 -6.21 -25.63 -10.52 -18.50 -16.05
OPM % 8.08% 10.26% 10.47% -27.41% -13.09% -15.27% -12.50% -19.45% -9.48% -38.09% -17.23% -33.53% -24.77%
-159.26 15.39 7.17 -28.77 -27.22 -213.58 -13.89 -45.01 -49.89 5,805.00 -77.50 4.03 34.02
Interest 24.61 122.97 115.72 7.27 7.08 5.56 6.94 7.42 7.01 6.47 5.96 6.15 6.85
Depreciation 106.74 25.84 31.26 6.26 6.19 6.42 5.88 6.07 6.17 14.00 5.45 5.25 5.10
Profit before tax -210.91 -25.16 -35.23 -58.72 -49.18 -236.24 -35.12 -69.92 -69.28 5,758.90 -99.43 -25.87 6.02
Tax % -77.25% 3.86% -7.92% 0.00% 0.00% 1.88% 74.74% 0.00% -0.16% -0.12% -0.09% 0.00% 0.00%
-47.98 -26.13 -32.44 -58.72 -49.18 -240.67 -61.37 -69.92 -69.17 5,765.62 -99.34 -25.87 6.02
EPS in Rs -1.54 -0.84 -1.04 -1.89 -1.58 -7.75 -1.98 -2.25 -2.23 185.57 -3.20 -0.83 0.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
3,882 3,842 3,873 2,904 2,646 2,653 3,606 3,778 3,987 259 248
3,319 3,844 3,943 2,872 2,417 2,278 3,094 3,507 3,635 310 319
Operating Profit 562 -3 -70 32 229 375 512 271 352 -52 -71
OPM % 14% -0% -2% 1% 9% 14% 14% 7% 9% -20% -28%
80 172 79 57 40 -148 14 -103 -1 5,696 5,766
Interest 121 283 443 357 344 276 502 450 488 28 25
Depreciation 112 136 146 108 113 118 112 103 137 32 30
Profit before tax 409 -250 -580 -375 -188 -167 -87 -385 -274 5,585 5,640
Tax % 7% -3% -0% -3% 0% -184% -11% -50% 40% 0%
379 -242 -578 -363 -188 140 -77 -194 -384 5,565 5,646
EPS in Rs 23.23 -13.90 -28.33 -17.15 -8.85 5.72 -3.18 -6.25 -12.36 179.12 181.73
Dividend Payout % 7% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -37%
3 Years: -58%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 100%
3 Years: 369%
TTM: 49%
Stock Price CAGR
10 Years: 9%
5 Years: 18%
3 Years: 41%
1 Year: -5%
Return on Equity
10 Years: %
5 Years: 378%
3 Years: 494%
Last Year: 2034%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 46 117 137 143 143 165 244 311 311 311 311
Reserves 1,300 680 390 -30 -240 33 266 163 -216 141 36
2,142 3,297 4,099 3,187 2,237 2,036 1,902 1,938 2,270 199 199
835 1,238 1,491 1,671 1,072 998 1,020 1,024 1,011 162 109
Total Liabilities 4,322 5,333 6,117 4,970 3,212 3,232 3,433 3,435 3,376 813 655
1,874 2,544 2,890 2,772 2,167 2,081 2,005 1,736 1,728 602 501
CWIP 865 730 790 800 31 33 49 65 34 5 5
Investments 49 71 720 82 70 77 74 82 80 71 34
1,534 1,988 1,717 1,317 944 1,041 1,305 1,551 1,533 134 115
Total Assets 4,322 5,333 6,117 4,970 3,212 3,232 3,433 3,435 3,376 813 655

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
370 79 177 775 787 259 324 131 206 37
-1,035 1,694 -1,137 354 -877 -150 -63 49 -16 7
681 -2,117 662 -1,823 -218 201 -224 -248 -148 -49
Net Cash Flow 16 -343 -298 -693 -308 309 36 -68 41 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 36 50 54 74 27 42 32 36 43 46
Inventory Days 130 122 127 324 161 140 174 197 212 111
Days Payable 54 141 200 806 619 593 568 505 461 105
Cash Conversion Cycle 112 31 -19 -408 -431 -411 -362 -272 -206 52
Working Capital Days 72 -75 -106 -163 -178 -46 -26 -13 -9 -135
ROCE % -1% -0% 6% 15% 19% 10% 11% -5%

Insights

In beta
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cement Sales Volume
Million Tons ・Standalone data

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Tyre Production
Numbers ・Standalone data
EBITDA per Ton - Cement
INR/Ton ・Standalone data
Cement Capacity Utilization
% ・Standalone data
Cement Grinding Capacity
Million Tons ・Standalone data
Rayon (Viscose Filament Yarn) Production
Metric Tons
Transparent Paper Production
Metric Tons

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
43.40% 43.40% 43.40% 43.40% 43.34% 43.34% 43.34% 43.34% 43.34% 43.34% 43.34% 43.34%
3.12% 3.78% 4.42% 7.18% 8.95% 8.42% 7.17% 5.03% 2.73% 0.78% 0.77% 0.19%
11.40% 10.61% 10.78% 13.37% 12.82% 16.31% 17.42% 16.02% 15.95% 8.18% 7.40% 4.05%
0.00% 0.00% 0.00% 0.03% 0.06% 0.06% 0.07% 0.07% 0.00% 0.00% 0.00% 0.00%
42.08% 42.20% 41.38% 36.01% 34.83% 31.86% 32.01% 35.55% 37.98% 47.69% 48.50% 52.41%
No. of Shareholders 96,04595,74088,38091,48688,66987,73077,38973,75178,38186,82896,1671,08,811

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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